Year 2011 is perhaps the year of Commemorative overprints for Philippine Banknotes. Three Commemorative notes were released by Banko Sentral ng Pilipinas (BSP) in just 5 months time, a first in the BSP’s history, effacing the record of a single commemorative release in a year.
This year BSP was hosting foundations of leading educational institutions in the country.
First there was University of Sto. Tomas (UST) early this February, in celebration of their 400th year Quadricentennial (1611-2011) foundation, BSP issued a commemorative 200 peso bill.
By July, the University of the Philippines College of Law centenary (1911-2011) came on the 100 peso note, commemorating its 100 years of Excellence in Law. This wasn’t the first time UP got itself an overprint, in 2008, BSP issued a 100 peso banknote bearing the logo of the University as it celebrate its’ centennial (100 years) foundation day.
Last month of August, BSP issued the Ateneo’s Law School 75th year 100peso commemorative overprint. It has the Latin phrase AD MAJOREM DEI GLORIAM, which translate as “FOR THE GREATER GLORY OF GOD”, printed on the note’s watermark area.
Fe de la Cruz, BSP director for corporate affairs, said that “currency overprints are rare and only events of great importance are allowed to have an overprint on Philippine bills. It has to be very special on a national level.”